New construction pricing is often presented by the square foot or by the number of rooms in a home. This type of pricing provides consistency for real estate marketing purposes, but is a reflection of the average cost of building various styles of homes in a given location.
A noncorporate business whose owners actively participate in the organization's management and are protected against personal liability for the organization's debts and obligations. The limited liability company (LLC) is a hybrid legal entity that has both the characteristics of a corporation and of a partnership. An LLC provides its owners with corporate-like protection against personal liability. It is, however, usually treated as a noncorporate business organization for tax purposes.
Limited Liability Companies. A limited liability company is an organization in which the assets of the owner are protected from any liability the business may incur. In an LLC, the owner cannot be held responsible for claims or debts made on the business by any creditor or outside entity.